Question

    A machine is purchased for $10,000 and $10,000 is spent

    on its installation. Residual value of the machine is $9,000 and its useful life is 5 years. Calculate the rate of depreciation.
    A 18.36% Correct Answer Incorrect Answer
    B 18.6% Correct Answer Incorrect Answer
    C 18.5% Correct Answer Incorrect Answer
    D 19% Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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